Technical Analysis (XAUUSD)

The Forex trading technical analysis of the price of gold reveals (13th of October) was around 1922.8 USD/Ounces early today. Under 1-hour-chart technical analysis, it fell sharply as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 1920.0~1922.0. The current support level lies between 1906.0~1908.0. Investors who wish to sell short could consider selling between 1917.0~1919.0 in the short-term and setting the stop loss above 1921.5.

Forex Trading Market Analysis for Gold
Forex Trading Market Analysis for Gold

Technical Analysis (EURUSD):

The price of EUR/USD (13th of October) was around 1.18126 early today. Under 1-hour-chart technical analysis, it dropped sharply after breaking below the middle Bollinger Band as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 1.18100~1.18200. The current support level lies between 1.17700~1.17800. Investors who wish to sell short could consider selling between 1.17950~1.18050 in the short-term and setting the stop loss above 1.18150.

Forex Trading Technical Analysis for EURUSD
Forex Trading Technical Analysis for EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (13th of October) was around 1.30620 early today. Under 1-hour-chart technical analysis, it pulled back after a surge as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 1.30800~1.30900. The current support level lies between 1.29800~1.29900.

Investors who wish to sell short could consider selling between 1.30400~1.30500 in the short-term and setting the stop loss above 1.30600.

Forex Trading Technical Analysis for GBPUSD
Forex Trading Technical Analysis for GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (13th of October) was around 0.72072 early today. Under 1-hour-chart technical analysis, it declined sharply after the surge as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to fall again after failing to rebound.

Currently, the short-swing upper resistance level lies between 0.72000~0.72050. The current support level lies between 0.71300~0.71350.

Investors who wish to sell short could consider selling between 0.71800~0.71850 in the short-term and setting the stop loss above 0.71950.

Forex Trading Technical Analysis for AUDUSD
Forex Trading Technical Analysis for AUDUSD

Technical Analysis (USOUSD):

The price of USO/USD (13th of October) was around 39.37 this morning. Under 1-hour-chart technical analysis, it continued to decline as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue to face downwards and are expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 39.90~40.00. The current support level lies between 38.40~38.50. Investors who wish to sell short could consider selling between 39.40~39.50 in the short-term and setting the stop loss above 39.65.

Forex Trading Technical Analysis for US Oil
Forex Trading Technical Analysis for US Oil

Technical Analysis (Nas100):

The NASDAQ (13th of October) was around 12108.2 this morning. Under 1-hour-chart technical analysis, it continued to surge since yesterday (12th), followed by a pullback from the high point. The candlestick is currently lying below the 5-days and 10-days moving average. It is likely to continue pulling back and decline.

Currently, the short-swing upper resistance level lies between 12150.0~12170.0. The current support level lies between 11880.0~11900.0. Investors who wish to sell short could consider selling between 12070.0~12090.0 in the short-term and setting the stop loss above 12110.0.

Forex Trading Market Analysis for NASDAQ
Forex Trading Market Analysis for NASDAQ

Economic Calendar (13th of October)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
3.07:00EURGerman CPI (MoM) (Sep)★★
4.07:00GBPEmployment Change 3M/3M (MoM) (Aug)★★
5.07:00GBPUnemployment Rate (Sep)★★
6.07:00GBPClaimant Count Change (Sep)★★★
8.10:00EURGerman ZEW Economic Sentiment (Oct)★★★
9.10:00EURZEW Economic Sentiment (Oct)★★
10.11:00USDNFIB Small Business Optimism (Sep)
11.13:30USDCPI (MoM) (Sep)★★

(Importance: maximum three stars ★★★)

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